Airport Road Waha Investment Project to Reboot: Abu Sleem Municipality |



By Sami Zaptia.

Abu Sleem Municipality claims that construction of the Waha Airport Road Investment Project has resumed (Photo: Abu Sleem Municipality).

Tripoli, October 30, 2021:

The Municipality of Abu Sleem has asserted that the Airport Road Waha Multi-Use Investment Project will restart construction.

The project is owned by the Libyan Investment and Local Development Fund (LLIDF – also known as the Libyan Fund for Internal Investment and Development), a subsidiary of the Libyan Investment Authority (LIA). It is implemented by the Libya Investment and Development Company (LIDCO). The current Libyan Prime Minister Abd Alhamid Aldabaiba was the head of LIDCO.

The project, adjacent to the Airport Road iron bridge, consists of 321 housing units within 11 16-storey housing blocks. The municipality has indicated that the duration of the implementation of the project is 18 months

Originally, the project also included two towers of 28 floors composed of a commercial tower and a reception tower with a hotel with 203 rooms and 102 hotel apartments.

The reactivation of the project is part of Aldabaiba’s Reviving Life policy to activate nationwide projects that have been at a standstill for years. The government seeks to improve infrastructure, advance development and the economy by providing employment opportunities for young people under improved security conditions.

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See: Revolutionary Housing Agreement Reached by Government and Chinese Company | (libyaherald.com)

The agreement, in which the thorny issue of compensation is tackled by awarding additional contracts, is seen as opening the door to the realization of many other housing and infrastructure projects with Chinese and foreign companies.

Chinese companies seek to return to Benghazi | (libyaherald.com)

Tobruk’s massive 50 billion LD development unveiled; railway to Sudan to be built | (libyaherald.com)

Revolutionary Housing Agreement Reached by Government and Chinese Company | (libyaherald.com)

Tadawul Real Estate Fund signs agreement with State Inma Real Estate Fund | (libyaherald.com)

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The second Libyan Real Estate Development Forum – February 5-6 in Tunis | (libyaherald.com)

DL 250 million private real estate investment fund launched | (libyaherald.com)

Benghazi Conference on Investment and Reconstruction Calls for Less State Dependence | (libyaherald.com)

Payment, Rather than Security, Seen as Barrier to Foreign Firms Return to Libya | (libyaherald.com)

Continuing its flurry of reactionary decrees: Serraj creates a new Ministry of Housing and Reconstruction | (libyaherald.com)

Libya to Activate Broken Housing Projects Through Local Businesses | (libyaherald.com)


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